PPG Industries (NYSE: PPG) director reports 81.8134 phantom stock units grant

Rhea-AI Filing Summary

PPG Industries director Guillermo Novo reported an insider equity-based compensation transaction involving phantom stock units linked to PPG common shares. On 12/12/2025, he acquired 81.8134 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors, with the price of the derivative security stated as $103.54.

Each phantom stock unit converts into one share of PPG common stock after his service as a director ends. Following this transaction, Novo beneficially owns 10,444.0055 phantom stock units in the plan on a direct basis. These units represent interests in an unfunded unitized company stock fund made up of PPG stock and cash, and the number of units attributed to him can change over time based on the fair market value of the common stock and the amount of cash in the fund.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NOVO GUILLERMO

(Last) (First) (Middle)

C/O PPG INDUSTRIES, INC.

ONE PPG PLACE

(Street)

PITTSBURGH PA 15272

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	12/12/2025		A		81.8134		(2)	(2)	Common Stock	81.8134	$103.54	10,444.0055(3)	D

Explanation of Responses:

1. The security converts to common stock on a one-for-one basis.

2. After termination of service as a Director of PPG Industries, Inc.

3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Remarks:

	/s/ Greg E. Gordon, Attorney-in-Fact for Guillermo Novo	12/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did PPG (PPG) report for director Guillermo Novo?

PPG Industries director Guillermo Novo reported acquiring 81.8134 phantom stock units on 12/12/2025 in the PPG Industries, Inc. Deferred Compensation Plan for Directors. The filing shows the price of the derivative security as $103.54.

How many PPG phantom stock units does Guillermo Novo hold after this transaction?

After the reported transaction, Guillermo Novo beneficially owns a total of 10,444.0055 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors, held on a direct basis.

When do Guillermo Novo27s PPG phantom stock units convert into common stock?

Each phantom stock unit held by Guillermo Novo converts into one share of PPG common stock after termination of his service as a Director of PPG Industries, Inc.

What are phantom stock units in PPG27s Deferred Compensation Plan for Directors?

PPG27s phantom stock units represent interests in an unfunded unitized company stock fund that is comprised of PPG common stock and cash. The number of phantom stock units attributed to a plan participant can change over time depending on the fair market value of PPG common stock and the amount of cash in the fund.

What is Guillermo Novo27s relationship to PPG Industries (PPG)?

According to the filing, Guillermo Novo is a Director of PPG Industries Inc. His relationship to the issuer is reported under the section for the reporting person27s role.

Is this PPG insider report filed by an individual or a group?

The report is indicated as a Form filed by One Reporting Person, meaning it covers Guillermo Novo27s holdings and transactions only, not a joint or group filing.